Amid Middle East war tensions, commercial LPG price hiked by ₹195.5, no changes in domestic gas

Due to the global energy crisis and the ongoing conflict in the Middle East, international oil prices have surged by around 50%. As a direct impact, government-owned oil companies in India have increased the price of commercial LPG cylinders. Companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum have implemented the new rates based on international benchmarks and exchange rates.

Commercial vs Domestic gas prices

According to government oil companies, in Delhi, the price of a 19 kg commercial LPG cylinder has increased by ₹195.5, taking the total price to ₹2,078.50. Earlier, on March 1, the price of this cylinder was already increased by ₹114.5.

However, there is some relief for the general public as there has been no change in domestic cooking gas (LPG) prices. In Delhi, the price of a 14.2 kg domestic cylinder remains unchanged at ₹913. The last hike of ₹60 in domestic LPG prices was seen on March 7. Due to the Middle East conflict, supply chain disruptions have also led to a 20% cap being imposed on commercial gas supply in Delhi.

Despite the increase in gas prices, petrol and diesel prices remain stable for now. After a ₹2 per litre cut in March last year, there has been no major change. Currently, petrol is priced at ₹94.72 per litre and diesel at ₹87.62 per litre in Delhi.

Due to rising tensions in West Asia, efforts are being made to maintain supply through LPG tankers arriving via the Strait of Hormuz. However, if the conflict continues for a longer period, further increases in petroleum product prices cannot be ruled out.